Handling of two different tax rates on taxable income in dependency of the amount (Case Netherland)
SummaryTwo different tax rates: 16,5% up to € 200.000 and 25% for the amount above € 200.000
I am looking for best practices in calculating taxes for entities in the Netherlands.
Corporate Income Tax Rate: 25 %, but a tax rate of 16,5 % applies to the first 200000 €.
How do you use Tax Reporting to get correct results in current provision as well as for expected taxes in the tax reconciliation?